Linux Financial Summit To Debut at LinuxWorld Conference & Expo

FRAMINGHAM, MA – NOVEMBER 19, 2002 – IDG World Expo, the leading producer of world-class tradeshows, conferences and events for IT markets, today announced the launch of its first-ever Linux Financial Summit at LinuxWorld Conference & Expo/New York 2003, taking place January 21-24, 2003 at New York City's Javits Center. Sponsored by Egenera, Inc. and HP, the Linux Financial Summit takes place from January 22-24 and will address the growing demand for unbiased information and insight on Linux and Open Source solutions for the financial industry. LinuxWorld Conference & Expo is the premier event exclusively focused on Linux and Open Source solutions.


IDG World Expo designed the Linux Financial Summit for financial IT executives and managers such as CTOs, CIOs, data center managers, senior level MIS managers, and IT/IS directors. Educational sessions over the course of three days will offer participants opportunities to network with peers, meet the key players and learn best implementation practices in an informal and productive way.

Participants can expect to learn why Linux is a cost-effective solution for financial services organizations, hear how Wall Street firms are leveraging Linux for lower total cost of ownership, discover proven Linux migration techniques and see how Linux can integrate with existing proprietary hardware and software applications.

The Linux Financial Summit sessions will be hosted by leaders in the financial and Linux communities, including Credit Suisse First Boston, Egenera, HP, Intel, Merrill Lynch, Morgan Stanley, Open Source Development Lab (OSDL), Red Hat, Reuters and Salomon Smith Barney.

Experts from these companies will address various topics, including:

Delivering the Vision: The Impact of Next-Generation Linux Computing on Wall Street Datacenter ROI

Expanded Market Data Services and Performance with Reduced Investment – Too Good Not to Be True

Linux on Wall Street: Practical Experience Implementing Linux in Financial Services

OSDL Data Center Linux (DCL) in Financial Services

"Egenera's customers on Wall Street are at the forefront of a fundamental shift in computing architecture," said Susan Davis, vice president of product marketing and management at Egenera. "This new paradigm dramatically lowers the cost of computing in the datacenter while delivering significantly better availability and manageability than legacy architectures. Founded by the former CTO of Goldman Sachs, Egenera has a unique understanding of the needs of large financial services companies. We are pleased to sponsor the Linux Financial Summit and share our experiences with the financial services community."

"I believe IDG's emphasis on Linux in financial services clearly demonstrates that Linux platforms and applications are key in our industry as global financial institutions focus more and more on ROI in IT," said HP Vice President and General Manager Financial Industries Division Owen Kemp. "This conference is a great opportunity for HP to demonstrate how our solutions take the cost out and bring the future in for the financial

services industry by showcasing our Linux commitment which has established a number one position for HP in the IT industry."

"Linux and Open Source technology has been making serious inroads into financial services because of its reliability and cost-effectiveness," said Rob Scheschareg, vice president of sales, marketing and product development, IDG World Expo. "As the hub of our country's financial community, New York is the ideal place to launch a program that caters to the technology needs of this group. The Linux Financial Summit packs a lot of information into three days, and will provide real value to financial services companies using Linux and Open Source, as well as those considering the technology."

According to leading industry analyst firm IDC, Linux is the fastest-growing operating system in the world, with an anticipated 38% market share by 2004.

Participation in the Linux Financial Summit requires pre-qualification. For more information and to begin the qualification process, please visit, click on "Attendee" and select the Linux Financial Summit from the list of event "Hot Spots." Or, contact Debbie Diodati at

About LinuxWorld Conference & Expo

LinuxWorld Conference & Expo is the premier event exclusively focused on Linux and Open Source solutions. As the world's most comprehensive marketplace for open source products and services, LinuxWorld provides business decision-makers with information and resources to implement Linux and open source solutions into business infrastructure and enterprise networks. For more information or to register for the event, visit the LinuxWorld Conference & Expo Web site at, or call (800) 657-1474. For exhibiting opportunities, please contact Frank Netherwood (A-K) at (508) 424-4860 or or John Yurewicz (L-Z) at (508) 424-4852 or

About IDG World Expo

IDG World Expo ( produces IT-focused tradeshows, conferences and events for professionals seeking world-class education, peer-to-peer networking and one-stop comparison shopping. As the leading IT event management company, IDG World Expo leverages its experience and knowledge of IT-focused events and conferences, enabling technology companies to capture the attention and loyalty of influential buyers. IDG World Expo's portfolio of conferences and events includes Macworld Conference & Expo, LinuxWorld Conference & Expo, BioITWorld Conference & Expo, COMNET Conference & Expo, Integrated Security Conference & Expo and BiometricsWorld Conference & Expo. IDG World Expo is a business unit of IDG, the world's leading technology media, research and event company.

About IDG

IDG publishes more than 300 magazines and newspapers and offers online users the largest network of technology-specific sites around the world through (, which comprises more than 330 targeted Web sites in 80 countries. IDG is also a leading producer of 168 computer-related events worldwide, and IDG's research company, IDC, provides global market intelligence and advice through 51 offices in 43 countries. Company information is available at